Alydian Proposes Deadline for Bitcoin-Mining Rig Offers

Company Asks Bankruptcy Judge to Set Jan. 8 Deadline for Offers

Officials at Alydian want to begin taking offers for their new 36 bitcoin-mining rigs, which rapidly fell behind the technological power of competitors who are also trying to make money by unlocking the virtual currency.

In papers filed in U.S. Bankruptcy Court in Seattle, Alydian officials asked a judge to set a Jan. 8 deadline for offers on the company's bitcoin-mining rigs, which calculate algorithms for users trying to find the...